The Sensitivity of Capital Use to Price in Higher Education

Malcolm Getz and John J. Siegfried ()

No 405, Working Papers from Department of Economics, Vanderbilt University

Abstract: We test whether U.S. colleges and universities adjust their physical capital intensity to differences in factor prices by regressing the square feet of space per student on construction prices across institutions. The results indicate that physical space at selective liberal arts colleges and private comprehensive universities is unresponsive to relative factor prices. At public universities comprehensive universities the evidence suggests that students enjoy more space where building costs are lower. We are unable to explain a relationship for two-year colleges.

Keywords: factor; price; effects; on; college; input; ratios (search for similar items in EconPapers)
JEL-codes: I21 L23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu
Date: 2004-02
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http://www.vanderbilt.edu/Econ/wparchive/workpaper/vu04-w05.pdf First version, 2004 (application/pdf)

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Journal Article: The Sensitivity of Capital Use to Price in Higher Education (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:van:wpaper:0405

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